News
Probe Finds Deadly Florida Condo Collapse Happened Over Several Weeks
The deadly destruction of a Florida beachfront condominium actually started weeks before it collapsed into a pile of rubble in the middle of the night, killing 98 people in 2021, but the building had ...
U.S. P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Private U.S. property/casualty insurers posted a first-quarter 2026 underwriting gain of $15.8 billion—quite the reversal after recording an underwriting loss of $864 million for the first three ...
Major Auto Theft Ring Targeting Municipal Airports Indicted in Colorado
A Colorado grand jury indicted eleven suspects in a widespread motor vehicle theft ring that targeted vehicles parked at small municipal airports along the Front Range between July 2024 and January ...
Auto Safety Agency Opens Probe into Fatal Texas Tesla Crash
A U.S. agency said on Monday it was investigating the June 19 crash of a Tesla Model 3 that was reportedly using an advanced driver assistance system when it struck a home in Katy, Texas, killing a ...
No Maps, No Insurance: Michigan Floods Expose Info Gap, Prep in Rural Areas
Tom and Diane Peterman tried to buy flood insurance when they moved to their retirement home on the shores of Black Lake 14 years ago, but were told it wasn't available. John Solum was told he wasn't ...
Executives on the Move at AIG, Progressive, HDI Global and Sompo
AIG has appointed Gavin Spencer as Head of Specialty, North America, effective immediately. He is taking on this expanded role alongside his current responsibilities as Head of Marine, North ...
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
California UPS Mechanic Admits to Workers Comp Fraud
A former UPS employee was sentenced to 90 days in jail, two years' probation, and ordered to pay $50,000 restitution to Liberty Mutual Insurance after submitting a fraudulent workers compensation ...